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Jan 15, 2013
01/13
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euro europe's largest car maker shows sales above 9 million units. that's up 11% from the previous year. toyota was the biggest sell r through 2010. in 2011 it was left reeling by the disaster of flood. toyota officials forecast this year they will sell over 9.9 million units. let's take a look at what's happening this week on the global economic scene. on tuesday u.s. retail sales for december will come out. november sales rose 0.3% from the previous month underscoring a recovery in personal spending. the consumer price index is due out on wednesday. the cpi dipped 3% from october. that was the first decline in six months. the fed beige book on regional u.s. economic activity will come out on the same day. the previous report noted the regional economy continue to gradually grow. in japan machinery orders will be released. this iortant gauge showed a 2.6 month on month increase in october. on friday china will announce gdp data for 2012 as well as for the whole year. between july and september gdp expanded 7.4% from a year earlier. now just a few mi
euro europe's largest car maker shows sales above 9 million units. that's up 11% from the previous year. toyota was the biggest sell r through 2010. in 2011 it was left reeling by the disaster of flood. toyota officials forecast this year they will sell over 9.9 million units. let's take a look at what's happening this week on the global economic scene. on tuesday u.s. retail sales for december will come out. november sales rose 0.3% from the previous month underscoring a recovery in personal...
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Jan 4, 2013
01/13
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the euro yen is quoted at 114.14 to 19. let's look at other markets. south korea's kospi trading lower by half a percent. the bench market index is trading lower by a quarter of a percent. asia plays an important role in the economy. starting today we'll bring you a series of interviews with business and financial leaders. we spoke with him about growth and where to expect it. >> reporter: while the global economic outlook remains uncertain, the asia region remains a bright spot. >> it will recover to some extent. compared with u.s. and europe and also compared with latin america and africa. asia would be the fastest growing economy in the world. >> reporter: in contrast the japanese economy is showing sign s of weakness. the new prime minister says one of his top priority is to pull the nation o of deflation. >> how could jap deal with it? >> i think the monetary policy always has some side effect. i understand. bank of japan not just inflation packet but mobilize and commit self to do in unlimited way. they should do anything and whatever amount. >>
the euro yen is quoted at 114.14 to 19. let's look at other markets. south korea's kospi trading lower by half a percent. the bench market index is trading lower by a quarter of a percent. asia plays an important role in the economy. starting today we'll bring you a series of interviews with business and financial leaders. we spoke with him about growth and where to expect it. >> reporter: while the global economic outlook remains uncertain, the asia region remains a bright spot. >>...
WHUT (Howard University Television)
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Jan 30, 2013
01/13
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WHUT
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traders are buying the euro as they are hopeful about a global economic recovery. the japanese currency fell to a two year and nine month low against the euro reaching the 123 yen level against the dollar the japanese currency lost ground the 91 yen level. dollar/yen right now 91.33-34. euro yen changing hands at 13.76-83. >>> south korean exporters have dramatically increased their global market share in recent years. but the tide seems to be turning as a surge in the value of the yuan is one reason. we explain the headwinds facing south korean manufacturers. >> reporter: the weak yuan has provide a strong foundation for exporters but the good times may be coming to an end. the yuan has risen against the yen almost 30% since last june. the currency is fluctuating between 1100 and 1,200 per 100 yen. the yuan has continued to rise against the dollar. last month the korean automotive research institute released a report. the report says that when the yen weakens by 1% against the yuan south korean car exports decrease by 1.2%. hyundai owns hyundai motor and kia motor
traders are buying the euro as they are hopeful about a global economic recovery. the japanese currency fell to a two year and nine month low against the euro reaching the 123 yen level against the dollar the japanese currency lost ground the 91 yen level. dollar/yen right now 91.33-34. euro yen changing hands at 13.76-83. >>> south korean exporters have dramatically increased their global market share in recent years. but the tide seems to be turning as a surge in the value of the...
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Jan 18, 2013
01/13
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euro yen is changing hands at 119.96. the currency touched the 116 yen level at one stage during this week. the yen is facing selling pressures due to strong expectations that the bank of japan will ease credit further. >>> a japan based free phone and messaging service called line is spreading fast. company officials say the number of users topped 100 million on friday. pretty exciteed. the service via smartphones is provided by nhn a subsidiary of a south korean i.t. firm in japan. senior nh officials and employees got together at the company's headquarters on friday to celebrate the milestone. the service started in june of 2011. it took on lie 19 no, sir reach that 100 million mark. that's faster than facebook. nh officials say more than 40 million users are here in japan but the service is also very popular in south korea, taiwan and middle eastern countries. companies and public institutions are using the service for advertising and public relations. the japanese government uses it to send out the prime minister's m
euro yen is changing hands at 119.96. the currency touched the 116 yen level at one stage during this week. the yen is facing selling pressures due to strong expectations that the bank of japan will ease credit further. >>> a japan based free phone and messaging service called line is spreading fast. company officials say the number of users topped 100 million on friday. pretty exciteed. the service via smartphones is provided by nhn a subsidiary of a south korean i.t. firm in japan....
WHUT (Howard University Television)
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Jan 4, 2013
01/13
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bank may put an end to its easing policy earlier than expect preponderance of the evidence we have euro yen quoted at 114.90. moving on to stocks. let's check on europe first where shares are open and trading at this hour. we're seeing them slightly lower as you can see there. investors a bit cautious ahead of the release of the u.s. jobs report for december which is due out later on friday. london's ftse 100 down a fraction. declines as well for frankfurt about .2%. paris market down about .4%. did see a mixed day for asia, though. tokyo's nikkei jumped to its highest level since march 2011. it was up, in fact, nearly 3% on the back of a weaker yen. japanese business leaders commented on the country's economic outlook for this year. >> translator: i believe the yen will continue to weaken for some time, and the real economy is likely to improve, at least through middle of this year. that includes a recovery in exports. >> translator: led by the united states, overseas economies are picking up strength, demand from outside japan is increasing steadily. the japanese economy is likely to
bank may put an end to its easing policy earlier than expect preponderance of the evidence we have euro yen quoted at 114.90. moving on to stocks. let's check on europe first where shares are open and trading at this hour. we're seeing them slightly lower as you can see there. investors a bit cautious ahead of the release of the u.s. jobs report for december which is due out later on friday. london's ftse 100 down a fraction. declines as well for frankfurt about .2%. paris market down about...
WHUT (Howard University Television)
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Jan 1, 2013
01/13
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the yen came under pressure against the euro on friday, the currency rose to the 114 yen level. that's more than 14 yen higher than when the year started. analysts predict the yen's decline is likely to continue for some time. investors are now focusing their attention on what japan's central bank will do when it's policy making panel meets next month. now let's check on the stock markets in other parts of the world. european stocks are trading in a tight range, investors are keeping an eye on the ongoing u.s. budget talks. london's ftse 100 is trading at 5945. in frankfurt the dax is down about .4 percent at 7625. in paris the index there is down about.8% trading at 3644. earlier in the day asia stocks were higher almost across the board. today was the last trading day the year in many markets. south korean shares ended 0 high pressure 49% higher. mainland china stocks rose touching higher levels in more than six months. the hang seng closed at its peak for 2012. here in japan business leaders have urged prime minister shinzo abe to join negotiations for a transpacific partners
the yen came under pressure against the euro on friday, the currency rose to the 114 yen level. that's more than 14 yen higher than when the year started. analysts predict the yen's decline is likely to continue for some time. investors are now focusing their attention on what japan's central bank will do when it's policy making panel meets next month. now let's check on the stock markets in other parts of the world. european stocks are trading in a tight range, investors are keeping an eye on...
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Jan 17, 2013
01/13
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the euro zone credit crisis is taking a heavy toll for passenger cars. car sales plunged to a 17 year low. new car saechles stood at 12 million units. it's the lowest since germany saw a decline of 3%. all u.s. european and japanese makers suffered declines. germany's volkswagen lost 1.6%. south korean makers were strong. kia motors saw a jump of 14%. that's the latest in business for this hour. here is a check on other markets. >>> japanese prime minister says he opposes any use. he's visiting vietnam on his first tour aboard. abe prime minister discussed territory disputes. they have disputes with china. the peace and stability in the south china sea is of global concern. he added the rule of law is essential. he understands and supports japan's stance. the leaders also discuss north korea. abe says the rocket launch last month violated resolutions. he said the international community should take firm action. abe pledged about $500 million worth of yen loans to vietnam. after the meeting, the two leaders held a joint news conference. they will work tog
the euro zone credit crisis is taking a heavy toll for passenger cars. car sales plunged to a 17 year low. new car saechles stood at 12 million units. it's the lowest since germany saw a decline of 3%. all u.s. european and japanese makers suffered declines. germany's volkswagen lost 1.6%. south korean makers were strong. kia motors saw a jump of 14%. that's the latest in business for this hour. here is a check on other markets. >>> japanese prime minister says he opposes any use. he's...
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Jan 11, 2013
01/13
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the euro is also gaining against the yen. the european currency is now down at 117.74. that's going to do it for biz tonight. let's get a check now of the markets. >>> the eastern u.s. is seeing warm temperatures, but changes in the forecast. meteorologist robert spet that has the latest. >> yes, gene. all across the eastern seaboard we have just been seeing absolutely temperatures above average. it's all due to this frontal area here. ahead of it you are seeing this warm air come in from the south. that's really been raising up these temperatures. but, yeah, things are going to start to change, because as that pushes off there towards the east, bringing heavy rainfall towards the northeast, the western great lakes will see a mix of freezing rain across this region, very dangerous for driving. but behind it, see this cold front here? that is really what's going to be the big changer. this is already bringing some snowfall in this region, upwards of 15 centimeters across much of the dakotas is going to be expected. widespread winter storm warnings are actually in place.
the euro is also gaining against the yen. the european currency is now down at 117.74. that's going to do it for biz tonight. let's get a check now of the markets. >>> the eastern u.s. is seeing warm temperatures, but changes in the forecast. meteorologist robert spet that has the latest. >> yes, gene. all across the eastern seaboard we have just been seeing absolutely temperatures above average. it's all due to this frontal area here. ahead of it you are seeing this warm air...
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he's using the euro skeptic language to pursue a euro agenda this speech is happening because of the rise of ukip on the rise of ukip his lead to massive discontent on the back benches in the house of commons and amongst the conservative party in the whole country that's what he's responding to but the reality of what he says if you read the subtext is that the e.u. is very good for us and it serves our interests and i will promise i promise god to do my best over the next five years to do everything i can to keep britain a member of that you know this issue is a key constitutional. economics it's about who governs. independent nation as a democracy and determine their own future not a classic scare tactics always employed by the status quo whether they're defending slavery. or e.u. membership three million british jobs will be lost if we left the european union really europe is aging europe as a percentage of the world economy is now below a fifth and falling quite sharply it is gripped by eurozone crisis which is likely because of their fanaticism to keep it together to last for up
he's using the euro skeptic language to pursue a euro agenda this speech is happening because of the rise of ukip on the rise of ukip his lead to massive discontent on the back benches in the house of commons and amongst the conservative party in the whole country that's what he's responding to but the reality of what he says if you read the subtext is that the e.u. is very good for us and it serves our interests and i will promise i promise god to do my best over the next five years to do...
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Jan 30, 2013
01/13
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the euro/yen, 122.51-56 at mont. and in other asian markets we are seeing a loss of over .1% on the kospi. 1,952 over in seoul. let's see what's happening in australia. the benchmark index is trading higher by a fourth of a percent. 4,900. well, that is going to do it in business for this hour. i'm going to leave you with a look at some other markets in asia open this hour. ♪ >>> japanese government officials have spent the past few weeks trying to find out what happened in a hostage crisis in algeria. then they had to bring the remains of ten japanese victims home. now they've pledged $120 million to help stabilize countries in africa. senior vice dporn minister masaji matsuyama made the pledge at a donor conference in the ethiopian capital addis ababa. >> terrorism takes away innocent lives. we will never condone such acts. >> he said donor countries need to address poverty and unemployment if they are to eradicate terrorism. he said government officials have earmarked the money for security measures and to help
the euro/yen, 122.51-56 at mont. and in other asian markets we are seeing a loss of over .1% on the kospi. 1,952 over in seoul. let's see what's happening in australia. the benchmark index is trading higher by a fourth of a percent. 4,900. well, that is going to do it in business for this hour. i'm going to leave you with a look at some other markets in asia open this hour. ♪ >>> japanese government officials have spent the past few weeks trying to find out what happened in a hostage...
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Jan 23, 2013
01/13
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taking a look at the euro against the yen, that's quoted at 118.29-32. let's take a look at stocks now. tokyo share prices are lower. as the yen is gaining ground. the nikkei average trading at 10,651. that is a loss of a little over half a percent from tuesday's close. market sources say investors are selling many stocks but especially export-related issues, and that is due to the yen's strength as well as the fact that the b.o.j.'s measures were almost as anticipated. okay. in other asian markets we are seeing seoul regain that 2,000 level. it is up by 1/5 of a percent at the moment. taking a look at australia, the benchmark index is trading higher by a third of a percent at 4,794. >>> well, the japanese government plans to help the ship-building industry in the northeast region which was hit by the march 2011 disaster. the government plans to subsidize ship builders when they jointly build facilities such as dry docks. the subsidies will cover 2/3 of the cost. in the earthquake and ensuing tsunami 37 ship-yards along the pacific coast were severely da
taking a look at the euro against the yen, that's quoted at 118.29-32. let's take a look at stocks now. tokyo share prices are lower. as the yen is gaining ground. the nikkei average trading at 10,651. that is a loss of a little over half a percent from tuesday's close. market sources say investors are selling many stocks but especially export-related issues, and that is due to the yen's strength as well as the fact that the b.o.j.'s measures were almost as anticipated. okay. in other asian...
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Jan 18, 2013
01/13
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the euro quoted at 120.4 to 1. the euro has gained ground against the yen and the dollar. analysts say that's due to worries over with the euro zone. let's see how this is affecting tokyo stocks. share prices surging across the board. nikkei at 10,828. a gain of over 2% from thursday's close. buying was prompted by more optimistic views about the u.s. economic recovery following strong housing data. let's look at other markets open in the asia pacific. over in australia the benchmark index is trading hie ining high. positive moves so far. tokyo is leading >> on japan clearly that sort of recently announced fiscal and monetary package is intended to create growth in the short term. we don't think that if not associated with a midterm solid anchoring that would actually indicate the determination to change the debt trajectory, reduce the deficit. >> lagarde gave her view on thursday. she supported a 2% inflation target which abe asked the bank of japan to set. she said it's a good idea if the central bank can maintain its independence. more business news next hour. here is a
the euro quoted at 120.4 to 1. the euro has gained ground against the yen and the dollar. analysts say that's due to worries over with the euro zone. let's see how this is affecting tokyo stocks. share prices surging across the board. nikkei at 10,828. a gain of over 2% from thursday's close. buying was prompted by more optimistic views about the u.s. economic recovery following strong housing data. let's look at other markets open in the asia pacific. over in australia the benchmark index is...
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Jan 31, 2013
01/13
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euro/yen 123.35-40. >>> british prime minister david cameron says authorities must use every means possible to fight terrorism. cameron traveled to algeria, the site of the hostage crisis earlier this month. he and prime minister abdelmalek sellal announced an agreement to tighten security. >> what i want to do is work with the algerian government and with other governments in the region to make sure that we do everything we can to combat terrorism in a way that is both tough and intelligent and uses everything we have at our disposal, which will make them safer and make us safer, make the world safer. >> the leaders met two weeks after the hostage siege. islamist militants attacked a gas complex in the sahara desert and took dozens captive. 37 foreigners were killed including 6 british citizens. cameron says british and algerian officials will cooperate in several areas including information gathering. his visit was the first by the leader of the country whose citizens died during the crisis. >>> participants in a u.n. disarmament conference voiced negative opinions about japan's plan to k
euro/yen 123.35-40. >>> british prime minister david cameron says authorities must use every means possible to fight terrorism. cameron traveled to algeria, the site of the hostage crisis earlier this month. he and prime minister abdelmalek sellal announced an agreement to tighten security. >> what i want to do is work with the algerian government and with other governments in the region to make sure that we do everything we can to combat terrorism in a way that is both tough and...
WHUT (Howard University Television)
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Jan 24, 2013
01/13
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the euro is strong at 119.46. >>> the japanese government has finalized a guideline for compiling next year's budget. it is designed to keep new bond issues to a minute mum. members of the cabinet and the council of economic and fiscal policy approved the plan. the proposal for the fiscal year that starts in april includes the government's latest economic stimulus. priority is put on cutting wasteful spending and also requires the budget to focus on two key areas, that's reconstruction work from the 2011 disaster and sectors with sustainable or promising growth. now the guidelines urge a 50% reduction in the primary balance deficit by fiscal 2015. that's aimed at clearing a milestone towards counter fiscal health. the governor will decide its draft budget on tuesday next week. >>> japan's ruling coalition parties have been talking about tax as the basis for the new budget. they have agreed to introduce a new tax break for supporting the poor when the consumption tax doubles in 2015. the agreement is part of a tax reform plan for fiscal 2013, which the liberal democratic party and the n
the euro is strong at 119.46. >>> the japanese government has finalized a guideline for compiling next year's budget. it is designed to keep new bond issues to a minute mum. members of the cabinet and the council of economic and fiscal policy approved the plan. the proposal for the fiscal year that starts in april includes the government's latest economic stimulus. priority is put on cutting wasteful spending and also requires the budget to focus on two key areas, that's reconstruction...
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Jan 31, 2013
01/13
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the euro is trading at a 33 month high against the yen. that's because worries over euro debt issues are receding. looking at other markets in the asia pacific region. south korea's kospi is down 19,019 19,057. toyota motor has announced another global recall. the problem this time is defective air bags and windows. toyota says it's calling in 1.3 million cars worldwide. they include corolla compact sedans between 2001 and 2004. the lexus luxury model between 2005 and 2011 at 385,000 units. the air bags may not inflate properly in reaction to electric signals from other signals and in the lexus, the front window wipers may not be properly secured and could get stuck. toyotaays it has received reports so far of 18 incidents of the air bag defect causing injury in the united states. i'll have more updates for you next hour. i'm going to leave you with a check on markets. >>> a controversial new u.s. movie about the hunt for osama bin laden will not be shown in pakistan. distributors there say they're worried about how the public will react.
the euro is trading at a 33 month high against the yen. that's because worries over euro debt issues are receding. looking at other markets in the asia pacific region. south korea's kospi is down 19,019 19,057. toyota motor has announced another global recall. the problem this time is defective air bags and windows. toyota says it's calling in 1.3 million cars worldwide. they include corolla compact sedans between 2001 and 2004. the lexus luxury model between 2005 and 2011 at 385,000 units. the...
WHUT (Howard University Television)
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Jan 23, 2013
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we're seeing the euro is weaker against the yen. euyou're 0/yen at 117.79. >>> the labor union for japan's regional government workers is calling for the withdrawal of the central government's plan to reduce tax grants. the state government wants to cut local tax grants from fiscal 2013 starting this april. it's partly designed to slash regional government workers' wages by an average of 7.8%. the chairman of the all-japan precede tech furl and municipal workers union told reporters wednesday the plan is unacceptable. >> translator: this one-sided policy that the state is going to implement unilaterally has been drafted by skipping all the labor management negotiations. >> tokanaba said local governments are striving to cut workers to deal with the shortage of funds even though they're faced with more tasks in the their everyday work. he said they include social security issues and environmental protection measures. tokanaga added some municipalities have even pressed ahead with their own wage cuts. >>> that is going to do it for bi
we're seeing the euro is weaker against the yen. euyou're 0/yen at 117.79. >>> the labor union for japan's regional government workers is calling for the withdrawal of the central government's plan to reduce tax grants. the state government wants to cut local tax grants from fiscal 2013 starting this april. it's partly designed to slash regional government workers' wages by an average of 7.8%. the chairman of the all-japan precede tech furl and municipal workers union told reporters...
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Jan 25, 2013
01/13
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a year ago, skepticism about the euro. today, people are happy with what they see. things have improved. there are reasons for that. it is not just a mood swing. there are a least cordial good reasons -- four good reasons. the countries in the south have made real adjustments. exports are growing. the fiscal deficits are getting smaller. that is adjustment of the national level nationthat is necessary. we have much tougher rules on how to coordinate our government policies. there was criticism about the design of the union in europe that monetary policies are the centralized. achilleas if we have coordination. that is better now that used to be. -- that can only work if we have coordination. that is much better now the is to be paid capital has gone up for most banks. we're supporting countries through the imf. there is restructuring in greece and portugal. we have a special program in spain. we have closed some situational gaps in the design of the union. we created the bailout fund. they are doing more things about omt. we work together. ecb provides money if need
a year ago, skepticism about the euro. today, people are happy with what they see. things have improved. there are reasons for that. it is not just a mood swing. there are a least cordial good reasons -- four good reasons. the countries in the south have made real adjustments. exports are growing. the fiscal deficits are getting smaller. that is adjustment of the national level nationthat is necessary. we have much tougher rules on how to coordinate our government policies. there was criticism...
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Jan 16, 2013
01/13
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CNBC
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that's having that impact on euro/dl euro/-- eauro/dollar. and saying that it was too strong -- >> maybe because ewald nowotny was in front of a green markets. psychological. >>> we want to look at companies around the globe which are starting to outline and deploy theirity budgets for 2013. a new survey for from gartner of more than 2,000 cios in 41 countries finds plans for total spend down .5% in 2013 with digital technology, mobile devices and cloud computing, among their top priorities. joining us in a first look at the survey is mark mcdonald, group vice president of gartner's executive programs. mark, good morning. so down half a percent. let's start there. this actually is a continuation of a long-term trend. is it a headwind for tech companies? >> well, it's not so much of a headwind as much as a realization that there needs to be a transition from what i.t. has been to what technology needs to be in the future. across those, you know, 36 different industries, we see organizations kind of moving from technology kind of tending to cur
that's having that impact on euro/dl euro/-- eauro/dollar. and saying that it was too strong -- >> maybe because ewald nowotny was in front of a green markets. psychological. >>> we want to look at companies around the globe which are starting to outline and deploy theirity budgets for 2013. a new survey for from gartner of more than 2,000 cios in 41 countries finds plans for total spend down .5% in 2013 with digital technology, mobile devices and cloud computing, among their top...
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Jan 28, 2013
01/13
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euro/yen, 122.44 to 49 as well there. the euro gaining against the yen as well. so that's going to be an interesting factor to see how that plays into today's markets as well. ai? >> what key data can we expect this week other than earnings reports? >> we're going to go through quite a few, but of course the perils due out on friday. also some manufacturing and housing data to two other key areas, which analysts will be looking at closely, the big drops numbers on friday. we'll see if we can retest that 11,000 level. ai, back to you. >> thanks a lot for that update, ramin. ramin mellegard from the tokyo stock exchange. ramin just mentioned jobs data, so let's see what's happening on the global scene this week. first on wednesday, the preliminary estimate for economic growth for september of 2012 will be released. they had released a q4 gdp from the first quarter. also the fomc will be opening up its meeting. as people around the world take measures to shore up their committees, they're looking to see what the fed will come up with next. the industrial output was
euro/yen, 122.44 to 49 as well there. the euro gaining against the yen as well. so that's going to be an interesting factor to see how that plays into today's markets as well. ai? >> what key data can we expect this week other than earnings reports? >> we're going to go through quite a few, but of course the perils due out on friday. also some manufacturing and housing data to two other key areas, which analysts will be looking at closely, the big drops numbers on friday. we'll see...
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Jan 22, 2013
01/13
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we have 1.33, comparing to the euro/yen. we may just see the nikkei and the euro/yen trading at a narrow range. >> thank you, ramin mellegard, from the tokyo stock exchange. the nikkei with a gain of one-tenth of a percent. >>> they have voted toyota camry the car of the year. domestic makers dominate the market. representatives from the japanese automaker collected the trophy for the u.s.-built sedan at a ceremony in seoul. the journalist praised the car's price competitiveness. it beat 44 models introduced last year, including vehicles by south korea's kindai. they recently began shipping cars from the u.s. to south korea. our free trade agreement between the countries have slashed terrorist. >> honda and other japanese automakers have also increased ship makers from the u.s. to south korea. south korea is continuing to buy cars for their friendly technology. and that's the news on business. here's a check on markets. >>> part of a rocket launched by north korea in december made by china could influence the u.n. security c
we have 1.33, comparing to the euro/yen. we may just see the nikkei and the euro/yen trading at a narrow range. >> thank you, ramin mellegard, from the tokyo stock exchange. the nikkei with a gain of one-tenth of a percent. >>> they have voted toyota camry the car of the year. domestic makers dominate the market. representatives from the japanese automaker collected the trophy for the u.s.-built sedan at a ceremony in seoul. the journalist praised the car's price competitiveness....
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Jan 11, 2013
01/13
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the euro hit the 118 level for the first time in 20 months. that pair is changing hands at 118.10 to 15. market participants say worries about the debt situation in the euro zone has eased due to positive comments on the regional economy from the european central bank president. let's see how this is affecting the stock market. the weaker yen is prompting export on stocks. let's take a look at how other markets in the asia pacific are performing. south korea's kospi trading modestly in the negative down about .10 of a percent. look likes a bit of a mixed picture today. over in the united states president obama had revealed his nomination for his treasury secretary. his chief of staff jack lew is poised to replace timothy geithner. >> over the years he's built a reputation as a master of policy who can work with members of both parties. jack has my complete trust. i hope the senate will confirm him as quickly as possible. >> mr. president, i look forward to continuing the challenges ahead. >> lew is 57 years old. he's well versed in financial p
the euro hit the 118 level for the first time in 20 months. that pair is changing hands at 118.10 to 15. market participants say worries about the debt situation in the euro zone has eased due to positive comments on the regional economy from the european central bank president. let's see how this is affecting the stock market. the weaker yen is prompting export on stocks. let's take a look at how other markets in the asia pacific are performing. south korea's kospi trading modestly in the...
WHUT (Howard University Television)
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Jan 10, 2013
01/13
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WHUT
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the euro is at 115.444. triggers are selling the yen on speculation the bank of japan will take further monetary easing steps. >>> and that is going to wrap it up for biz tonight. let's check in now to see what's happening with the markets. ♪ >>> thousands of people waiting to go home. tons of debris waiting for disposal. vast tracks of land waiting to be restored. overcoming the challenges of japan's 2011 disaster won't be easy, but step by step people are moving forward. find out how on "the road ahead" every wednesday at 1:00 p.m. japan time right here on "newsline." >>> the people who oversee nuclear safety in japan are still finding their feet. they got to work at the nuclear regulation authority in september after the government merged two other agencies. >> reporter: he is doing a job that has not been done before. he's the new chair of a new agency. he says he's committed to making decisions based on the evidence, something he says that was hard to do before the accident at fukushima daiichi. >> tr
the euro is at 115.444. triggers are selling the yen on speculation the bank of japan will take further monetary easing steps. >>> and that is going to wrap it up for biz tonight. let's check in now to see what's happening with the markets. ♪ >>> thousands of people waiting to go home. tons of debris waiting for disposal. vast tracks of land waiting to be restored. overcoming the challenges of japan's 2011 disaster won't be easy, but step by step people are moving forward....
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Jan 25, 2013
01/13
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the euro is trading higher and that's being quoted at 120.77 to 79 against the yen. now to stocks. a weaker yen is prompti ining inverinver investors to buy. let's take a look at other markets in the asia pacific region. the kospi is trading lower by half a percent. in australia the benchmark index is trading higher by .4 of a percent. german chancellor expressed concern. her remarks suggest that japan's efforts could be regarded as a deliberate attempt to devalue its currency. she stated that g-20 discussions are focusing on political manipulation. she added she's not completely without concern at the moment about japan. the abe administration decided to work together for strong monetary easing measures to get out of deflation. the german leader warned that governmented should not break banks by putting pressure on them. some economists approve of the policies as necessary to pull japan out of prolong stagnation. u.s. president barack obama has picked mary joe white to head the securities and exchanges commission. obama made the announcement on thursday. he said the sec played a c
the euro is trading higher and that's being quoted at 120.77 to 79 against the yen. now to stocks. a weaker yen is prompti ining inverinver investors to buy. let's take a look at other markets in the asia pacific region. the kospi is trading lower by half a percent. in australia the benchmark index is trading higher by .4 of a percent. german chancellor expressed concern. her remarks suggest that japan's efforts could be regarded as a deliberate attempt to devalue its currency. she stated that...
WHUT (Howard University Television)
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Jan 29, 2013
01/13
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euro/yen 104.7 to 50. >>> japanese workers may have a few more yen in their pockets if union leaders get their way. labor and business leaders are discussing a proposed wage hike. >> translator: a wage increase is a way to ending deflation. it's time for businesses to invest in human resources and not cut corners with workers earnings. >> koga asked for an increase of wages much 1%. he said raises based on seniority should continue. the leader of the business federation opposed the union's demand. he said labor leaders are ignoring the reality of today's business climate. >> translator: this year workers and managers need to share a sense of crisis. we need to have constructive discussion. it's critical for us to do so, to ensure businesses survive and grow. people need stable employment. >> he said the current economic situation leaves no room for raising wages across the board. he said struggling firms may be forced to postpone or even cut regular raises. >>> manufacturers have long been seen as leaders of japanese industry, but a new government survey suggests this is no longer th
euro/yen 104.7 to 50. >>> japanese workers may have a few more yen in their pockets if union leaders get their way. labor and business leaders are discussing a proposed wage hike. >> translator: a wage increase is a way to ending deflation. it's time for businesses to invest in human resources and not cut corners with workers earnings. >> koga asked for an increase of wages much 1%. he said raises based on seniority should continue. the leader of the business federation...
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Jan 16, 2013
01/13
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KRCB
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but the euro's also lower against the yen. the euro/yen currently changing hands at 117.74-76. taking a look at other markets in the asia pacific region, south korea's kospi, that's trading higher. up half a percent. 1,994. let's take a look at australia. the benchmark index is up by 1/3 of a percent. 4,733. >>> well, policy makers at japan's central bank will discuss whether to take further money-boosting steps at a two-day meeting starting next week. they're apparently responding to the governments call for more powerful measures to tackle deflation and support the nation's recovery. a 2% inflation goal is expected to be included in a document to be exchanged between the bank of japan and the government. the b.o.j. policy makers are to show in writing how they plan to achieve the target requested by prime minister shinzo abe. now, it's likely to be a joint statement and not a legally binding policy accord that abe had originally sought. the aim is to maintain the central bank's independence. b.o.j. policy makers are considering expanding their asset purchase program to inject
but the euro's also lower against the yen. the euro/yen currently changing hands at 117.74-76. taking a look at other markets in the asia pacific region, south korea's kospi, that's trading higher. up half a percent. 1,994. let's take a look at australia. the benchmark index is up by 1/3 of a percent. 4,733. >>> well, policy makers at japan's central bank will discuss whether to take further money-boosting steps at a two-day meeting starting next week. they're apparently responding to...
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Jan 9, 2013
01/13
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CNBC
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, the correlation between the euro and the s&p kind of weakened to the favor of the euro. and if the thing that i mentioned this year will happen, which is basically, you know, the gdp growth in greece may come back up, i think that will be good for the u.s. >> boris, response briefly. >> yeah, but you know, we can play the same game on the euro side where we -- we heard that story over and over again. what we have, moderation of periphery yields, euro rallies, then again we have another flare-up of the crisis. so my question is, will the spanish be able to refinance all of their debt? will italians be able to finance their debt? i think a lot of the positive compression of periphery yields is in the euro. now i agree, i don't think the dollar is going to have a massive rally against the euro unless there's a major source of friction in the eurozone as we go forward. i think a lot of the benefit that the euro has seen has already baked into the cake. i agree with you that in a sense, yes, dollar could rally more against the yen than against the euro, but nevertheless could
, the correlation between the euro and the s&p kind of weakened to the favor of the euro. and if the thing that i mentioned this year will happen, which is basically, you know, the gdp growth in greece may come back up, i think that will be good for the u.s. >> boris, response briefly. >> yeah, but you know, we can play the same game on the euro side where we -- we heard that story over and over again. what we have, moderation of periphery yields, euro rallies, then again we...
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Jan 22, 2013
01/13
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meanwhile euro against the yen is at 119.38 to 42. mark players say all eyes are on what kind of bold measures the central bank can come up with if it's two achieve the 2% inflation market. investors expect trading to be volatile following the government and boj announcement. south korea's kospi flat pretty much. 19 1,9 1,986. we'll see where trading takes us. global unemployment is on the rise. the international labor organization says the number of jobless people increased for the first time in three years as european credit woes continue to weigh on the global economy. officials announce on tuesday that nearly 200 million people worldwide were jobless in 2012. that's an increase of more than 4 million from the previous year. officials say unemployment grew not only in western countries but also in east asia and the middle east. nay say european debt problems affected emerging economies by hurting trade. youth unemployment is also on the rise. people aged 15 to 24 are counted for over a third of the total number. officials are urgin
meanwhile euro against the yen is at 119.38 to 42. mark players say all eyes are on what kind of bold measures the central bank can come up with if it's two achieve the 2% inflation market. investors expect trading to be volatile following the government and boj announcement. south korea's kospi flat pretty much. 19 1,9 1,986. we'll see where trading takes us. global unemployment is on the rise. the international labor organization says the number of jobless people increased for the first time...
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Jan 8, 2013
01/13
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KCSMMHZ
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up 0.1 percentage points since october and highest since the euro was introduced in 1999. within the zone, spain showed the highest rate. it rose from 26.6% in spain. many young people out of work under half of those under 25 were jobless in the month. up 0.7 points since october. in portugal, unemployment stood at 16.3%. 14.6% in ireland. for greece, latest data up only to september. the jobless rate in that month, 26%. 0.7 percentage points higher than in august. >>> smoke from electry call fire filled the cabin of a boeing 787 at a boston airport. it was preparing for its next flight no. one was injured. a mechanic spotted smoke rising from the back of the aircraft at logan international airport. the plane had flown in from japan. all 172 passengers and 11 crew members had disembarked. firefighters found flames coming from a battery pack under the passenger's compartment and put out the fire. the battery starts the auxiliary power unit. it supplies electricity while the aircraft is parked. investigators from the ntsb are looking into the case. the 787 is boeing's newest
up 0.1 percentage points since october and highest since the euro was introduced in 1999. within the zone, spain showed the highest rate. it rose from 26.6% in spain. many young people out of work under half of those under 25 were jobless in the month. up 0.7 points since october. in portugal, unemployment stood at 16.3%. 14.6% in ireland. for greece, latest data up only to september. the jobless rate in that month, 26%. 0.7 percentage points higher than in august. >>> smoke from...
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Jan 11, 2013
01/13
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euro/dollar, 11.3260. let's bring you up to speed with the asian trading session today as they wrap up the week. li sixuan joins us for the first time today. >> thanks, ross. japan was a clear outperformer after shinzo abe unveiled his massive stimulus plan. and the nikkei gained 1.4% today. just to put it into context, this index is up for the ninth straight week, its longest winning streak since late 1988. shares of stocks surged to nearly 5% after the operator of clothing chain unicore raised its full year guidance. but hotter than expected cpi data from china put new pressure on the shanghai deposit. there will be more curbs to taint housing prices. meanwhile, weakness in china's blue chips dropped the hang seng lower. but hsbc did lend some support after the bank said yesterday that the plan to sell its stake to citigroup was still on track. korean automakers took a hit after the korean won climbed to a 17-month high. the kospi finished lower by .5%. in australia, miners lost out as a cyclone affected
euro/dollar, 11.3260. let's bring you up to speed with the asian trading session today as they wrap up the week. li sixuan joins us for the first time today. >> thanks, ross. japan was a clear outperformer after shinzo abe unveiled his massive stimulus plan. and the nikkei gained 1.4% today. just to put it into context, this index is up for the ninth straight week, its longest winning streak since late 1988. shares of stocks surged to nearly 5% after the operator of clothing chain unicore...
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and greece have done because we know that austerity at this time point actually work last year in the euro in the single currency it will create more economic problems that's why we see unemployment across the eurozone rising quite alarming lee so he's very happy there are these getting on with the policy of austerity but actually it's actually the vong policy this time as the global financial downturn shows little sign of improvement banking regulators are criticized for trying to make life easier for the leaders for the planners rather instead of the public basel committee up central bankers has loosened the acid rules while trying to prop landers up against any future crises or to speed all are in our reports it's the way the decisions are made that's raising most questions. have you ever heard the wall about the bank is the billions and bars all chances are you probably haven't but six times a year central bank heads from the u.s. europe asia and everywhere in between representing around three quarters of global economic output gather in the swiss city to talk shop behind closed doors
and greece have done because we know that austerity at this time point actually work last year in the euro in the single currency it will create more economic problems that's why we see unemployment across the eurozone rising quite alarming lee so he's very happy there are these getting on with the policy of austerity but actually it's actually the vong policy this time as the global financial downturn shows little sign of improvement banking regulators are criticized for trying to make life...
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Jan 3, 2013
01/13
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the damages were estimated at about 38 billion euro. that met sandy accounted for about one-third of the worldwide economic damage. in 2012, a record drought hitting farms in the american midwest. they accounted for damages of more than 15 billion euro. natural disasters hit the u.s. harder than any other country in 2012. the biggest hit was from an earthquake in italy in damages exceeded 12 billion euro. devastation causing devastation and tornadoes in the u.s. left quite the cleanup bill. in human terms, the more than 1000 people who died during the typhoon in indonesia made it the worst event of 2012. >> as part of our special series on stories that will dominate the news, we'll look at sovereign debt. united states has stepped away from their fiscal cliff, but the basic problem has not gone away. >> in europe and japan also, and the immediate sense of crisis has eased on both sides of the atlantic, the long-term challenges are daunting, especially when you combine debt and an aging society. >> the united states stumbles from one edg
the damages were estimated at about 38 billion euro. that met sandy accounted for about one-third of the worldwide economic damage. in 2012, a record drought hitting farms in the american midwest. they accounted for damages of more than 15 billion euro. natural disasters hit the u.s. harder than any other country in 2012. the biggest hit was from an earthquake in italy in damages exceeded 12 billion euro. devastation causing devastation and tornadoes in the u.s. left quite the cleanup bill. in...
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Jan 22, 2013
01/13
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CNBC
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. >> do you expect the euro to remain weak for the rest of the year? >> i expect the eurozone crisis to remain weak. people will look carefully at special situations across europe. >> and best performer of 2013? >> it's impossible to tell. let's say the whole of the market. >> very diplomatic answer there. david simple sop, thank you very much for coming by. some hopeful signs there. straight ahead on the program, talking of hopeful signs, our next guest is at u.s. oil production not seen since the 50s. what does it mean? we'll explore that when we come back. . >>> welcome back to "worldwide exchange." these are your headlines. the bank of japan steps up its easing agenda under heavy government pressure, doubling its inflation target and promising open ended qe starting next year. >>> president obama lays out a vision for his second term in his innagul address. >>> and this is the face of the new mr. euro. earlier, we had a nine to one ratio of decliner toes advancers.inaugural. earlier, we had a nine to one ratio of decliner toes advancers. the ftse d
. >> do you expect the euro to remain weak for the rest of the year? >> i expect the eurozone crisis to remain weak. people will look carefully at special situations across europe. >> and best performer of 2013? >> it's impossible to tell. let's say the whole of the market. >> very diplomatic answer there. david simple sop, thank you very much for coming by. some hopeful signs there. straight ahead on the program, talking of hopeful signs, our next guest is at u.s....
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Jan 17, 2013
01/13
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on the currency markets, euro/dollar, the euro has been up to 30-month highs against the swiss franc. trying to crawl back some gains. dollar/yen, 88.84. today the yen is a little weaker today on japanese reports minister's saying he was regretful his comments will be misinterpreted. aussie/dollar, 1.0517. we begin to focus on what's going on in rio. let's bring you up to speed with the rest of the news out of asia. li sixuan joins us for the first time out of singapore. >> thank you, ross. asian markets finished on a difficult note. the shanghai composite lost about 1% today, extending losses for the second day after krit swiss downgraded china life. the hang seng ending lower by a touch. no curbs were introduced by the executive yesterday. taiwan's taex is down over 1% led by technology shares. tsmc shares ended a touch higher before its results of announce wantme wantments. it posted a 32% jump meeting forecasts. but the company expects q1 revenue to fall due to seasonal factors. elsewhere, the nikkei is finished just a tap higher. sharp shares jumped over 7% on the back of tv join
on the currency markets, euro/dollar, the euro has been up to 30-month highs against the swiss franc. trying to crawl back some gains. dollar/yen, 88.84. today the yen is a little weaker today on japanese reports minister's saying he was regretful his comments will be misinterpreted. aussie/dollar, 1.0517. we begin to focus on what's going on in rio. let's bring you up to speed with the rest of the news out of asia. li sixuan joins us for the first time out of singapore. >> thank you,...
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Jan 8, 2013
01/13
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KRCB
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the euro is trading higher against the yen. let's take a look at other markets in the asia pacific. the kospi is trading lower and in australia the benchmark index is trading higher at 4,724. >>> chinese drivers are steering clear of new cars. directors reported a 5.3% drop over the previous year with less than 1.2 million units sold. toyota registered their first declining sell since entering china ten years ago. sales at honda shrank too. mazda's dropped by 12.9%. the japanese government nationalized the senkaku islands in the east china sea. china and taiwan claimed the islands and it pushed consumers to boycott products. here is a recap of markets. >>> five men appeared in in a new delhi court monday. the m have been charged with raping a 23-year-old woman on a bus. they threw her from the vehicle. she died two weeks later in the hospital. the men heard the charges without defense lawyers present. many lawyers are avoiding the case because of the scale of public outrage at the crime. the trial is expected to be closed to public and media. protesters have been demanding harsh pun
the euro is trading higher against the yen. let's take a look at other markets in the asia pacific. the kospi is trading lower and in australia the benchmark index is trading higher at 4,724. >>> chinese drivers are steering clear of new cars. directors reported a 5.3% drop over the previous year with less than 1.2 million units sold. toyota registered their first declining sell since entering china ten years ago. sales at honda shrank too. mazda's dropped by 12.9%. the japanese...
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Jan 9, 2013
01/13
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euro/yen, 113.92-97. >>> looking at other markets in the asia pacific, south korea's kospi is trading modestly higher. 1,999 at the moment. let's take a look at australia. the benchmark index is trading higher by .4%. 4,710. >>> well, the world's largest consumer electronics show has opened in las vegas. crowds are gathering around ultra high-definition tvs. >> welcome to las vegas. >> more than 3,000 companies are showcasing their latest products at the consumer electronics show. they're shoelg off 4k tvs. the screens have four times the resolution of conventional high definition images. south korea's samsung electronics is the world's largest tv maker. people there have unveiled 85-inch and even 110-inch models. their tvs provide smooth streaming of online videos and voice-operated channel selection. sony has been selling 4k tvs since last year. the japanese electronics maker is the first to showcase a model with a 56-inch organic light-emitting diode screen. japanese electronics makers have been trying to launch 4k tvs ahead of their competitors. they want to turn around their stru
euro/yen, 113.92-97. >>> looking at other markets in the asia pacific, south korea's kospi is trading modestly higher. 1,999 at the moment. let's take a look at australia. the benchmark index is trading higher by .4%. 4,710. >>> well, the world's largest consumer electronics show has opened in las vegas. crowds are gathering around ultra high-definition tvs. >> welcome to las vegas. >> more than 3,000 companies are showcasing their latest products at the consumer...
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Jan 28, 2013
01/13
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CNBC
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the euro/dollar, weaker by 0.1%. 1.3453 is that level. yen, of course, this is down by about 0.2% to 90.70. we were looking at that 91 level earlier. for more on what's been happening across asia and especially in japan, let's get straight out to will i sixuan. she joins us now from sing pore. >> thank you, kelly. a lot of focus, indeed, on shinzo abe's first policy speech where he continued to pressure the boj to achieve the 2% inflation target as soon as possible. earlier today, the new cabinet raised the country's growth forecast to 2.5% a year from april. but the nikkei saw some profit taking today after touching a fresh 32-month high. question over domestic earnings weighed on sentiment. despite winning back the world's top sales crown from general motors, they didn't get a lift. but sony shares jumped 9% after citigroup's upgrade and on reports that china is considering ending a decade-long ban on video game consoles. sentiment boosted by news that chinese industrial profit climbed to 17% in december from a year ago. brokerages rall
the euro/dollar, weaker by 0.1%. 1.3453 is that level. yen, of course, this is down by about 0.2% to 90.70. we were looking at that 91 level earlier. for more on what's been happening across asia and especially in japan, let's get straight out to will i sixuan. she joins us now from sing pore. >> thank you, kelly. a lot of focus, indeed, on shinzo abe's first policy speech where he continued to pressure the boj to achieve the 2% inflation target as soon as possible. earlier today, the new...